Rents, yields rising as housing supply dries up
Rents continue to skyrocket as migration ramps up and housing stock levels decline. Read on for a state-by-state summary of the nation's capital city rental markets.
More renters are maximising the number of people in the tenancy in an effort to share higher rental costs. (Image source: Shutterstock.com)
Increased demand for higher density housing and steadily growing levels of overseas migration have contributed to rents rising even further this month.
Led by the unit rental market, which saw rents lift by 1.1 per cent in October, rents have now soared since the onset of Covid.
Capital city rents have risen 17.7 per cent and regional rents are up 25.5 per cent, with no sign of the upwards pressure easing. In every state, the pace of rent rises…
